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Non-Tech : Any info about Iomega (IOM)?
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To: Andrew Fenic who wrote (3545)6/26/1996 12:33:00 PM
From: J P Cross   of 58324
 
If Iomega reports a net loss, which I don't think they will, it will not
be nearly as important as the total revenue reported. Last quarter
it was 222 million, this quarter it should be well over 320 million.
If it is, then Iomega will again surprise the street.

It is a great time to add to your position if you have any cash left or
haven't been called on margin.

When this stock finds support then it will begin upward momentum.
There are so many abberations hitting this issue that have nothing
to do with the long term prospects of this company.

It's still a great time to add to your shares if you can.

The recent hype may have pushed the share price up to much,
to fast but that has little to do with the fact that this company has
great management, great products, great earnings quarter over
quarter, great revenue quarter over quarter...etc.

There isn't really a whole lot of negative data on this company
with any significant substance to prevent it from continuing
on with the growth it has already sustained. The fundamentals
have proven to be a bit ahead of the earnings but Iomega now is
getting hammered on the down side more that it probably
deserves.

I'm looking for a Market Cap Support at about 2.010 billion which
would put the stock price at about 15. (Assumed shares at about
134 million with outstanding options exercised).

Regards,

JP Cross
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